Xometry Reports Second Quarter 2024 Results
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For the Three Months
Ended June 30, | | |
For the Six Months
Ended June 30, | | | | |
2024 | | |
2023 | | |
2024 | | |
2023 | | |
Non-GAAP Net Loss: | | | | | | | | | | | | | | Net loss | | $ | (13,704 | ) | | $ | (26,559 | ) | | $ | (30,308 | ) | | $ | (44,902 | ) | | Add (deduct): | | | | | | | | | | | | | | Depreciation and amortization(1) | | | 3,256 | | | | 2,895 | | | | 6,409 | | | | 5,461 | | | Stock-based compensation (2) | | | 8,125 | | | | 5,798 | | | | 14,161 | | | | 10,492 | | | Payroll tax expense related to stock-based compensation(3) | | | 780 | | | | — | | | | 780 | | | | — | | | Amortization of lease intangible | | | 180 | | | | 257 | | | | 360 | | | | 590 | | | Amortization of deferred costs on convertible notes | | | 466 | | | | 464 | | | | 930 | | | | 930 | | | Acquisition and other (5) | | | — | | | | 196 | | | | 686 | | | | 226 | | | (Gain) loss on sale of property and equipment | | | (23 | ) | | | 1 | | | | (23 | ) | | | 92 | | | Charitable contribution of common stock | | | 314 | | | | — | | | | 657 | | | | 370 | | | Lease abandonment and termination (4) | | | — | | | | 8,778 | | | | — | | | | 8,778 | | | Impairment of assets | | | — | | | | 219 | | | | — | | | | 246 | | | Restructuring charge (6) | | | — | | | | 738 | | | | — | | | | 738 | | | Costs to exit the tools and materials business | | | — | | | | 586 | | | | — | | | | 586 | | |
Non-GAAP Net Loss | | $ | (606 | ) | | $ | (6,627 | ) | | $ | (6,348 | ) | | $ | (16,393 | ) | | Weighted-average number of shares outstanding used to compute Non-GAAP Net Loss per share, basic and diluted, of Class A and Class B common stock | | | 48,840,100 | | | | 47,865,990 | | | | 48,709,040 | | | | 47,783,235 | | | | | | | | | | | | | | | | | EPS, basic and diluted, of Class A and Class B common stock | | $ | (0.28 | ) | | $ | (0.55 | ) | | $ | (0.62 | ) | | $ | (0.94 | ) | | Non-GAAP EPS, basic and diluted, of Class A and Class B common stock | | $ | (0.01 | ) | | $ | (0.14 | ) | | $ | (0.13 | ) | | $ | (0.34 | ) | | | | | | | | | | | | | | | | | | |
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